Step2-Selecting output file format

You can select the output file format and specify the output file format parameters such as Frequency, Bitrate and Channels in Menu->Tools->Settings.

Please note that it is possible to specify Fine tuning parameters for MP3  formats clicking the Advanced button. You can find the detailed information about these settings in the Appendix section. See also:

Available MP3 Parameters Combinations
Available MP2 Parameters Combinations
Available Ogg Vorbis Parameters Combinations